How To Fix GLPL714 - Ledger does not allow a third currency

SAP Error Message - Details

• Message type: E = Error

• Message class: GLPL - Message class planning FI-SL/GL

• Message number: 714

• Message text: Ledger does not allow a third currency

What causes this issue?

The selected layout contains a third currency in the columns, but the
selected ledger does not keep a third currency.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Change your layout by removing the third currency.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GLPL714 - Ledger does not allow a third currency ?

  The SAP error message GLPL714 indicates that the ledger you are trying to use does not allow a third currency. This typically occurs in the context of financial accounting when you attempt to post a transaction that involves a third currency in a ledger that is not configured to support it.
  Cause:
  
  Ledger Configuration: The ledger in question is set up to only allow two currencies (local currency and document currency). This is common in many financial setups where only the primary and secondary currencies are needed.
  Transaction Type: The transaction you are trying to post may involve a third currency, which is not supported by the current ledger configuration.
  Company Code Settings: The company code settings may not allow for a third currency in the specific ledger you are using.
  
  Solution:
  To resolve the GLPL714 error, you can take the following steps:
  
  
  Check Ledger Configuration:
  
  Go to the configuration settings for the ledger in question. You can do this through the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Ledgers > Define Ledgers.
  Ensure that the ledger is configured to allow a third currency if that is necessary for your business processes.
  
  
  
  Modify Company Code Settings:
  
  Check the company code settings to see if the third currency is enabled.
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Prepare G/L Account Creation > Define Account Groups.
  Ensure that the account group allows for a third currency.
  
  
  
  Review Transaction Details:
  
  Review the transaction you are trying to post to ensure that it is necessary to use a third currency. If it is not required, consider using only the local and document currencies.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed guidance on configuring ledgers and currencies.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue through configuration changes, consider reaching out to SAP support for assistance.
  
  
  
  Related Information:
  
  Currency Types: In SAP, you can typically have up to three currencies for each transaction: local currency, document currency, and a third currency (often referred to as the "index currency").
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for defining currencies) and OBY6 (for company code settings) to help in troubleshooting.
  Testing: After making any changes, ensure to test the posting process to confirm that the error has been resolved.
  
  By following these steps, you should be able to address the GLPL714 error and successfully post your transactions.